Nigeria Exchange Rate against USD
Key information about Nigeria Exchange Rate against USD
- Nigeria Exchange Rate against USD averaged 460.702 (USD/NGN) in May 2023, compared with 460.418 USD/NGN in the previous month.
- Nigeria Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
- The data reached an all-time high of 460.702 in May 2023 and a record low of 0.530 in Nov 1980.
CEIC calculates monthly average Exchange Rate against USD from daily average Exchange Rate. Central Bank of Nigeria provides average Exchange Rate against USD. Exchange Rate against USD prior to January 2002 is sourced from the International Monetary Fund.
Key information about Nigeria Exchange Rate against USD
- In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 12.570 % pa in May 2023.
- The cash rate (Policy Rate: Month End) was set at 18.500 % pa in May 2023.
View Nigeria's Exchange Rate against USD from Jan 1957 to May 2023 in the chart:
What was Nigeria's Exchange Rate against USD in May 2023?
Nigeria Exchange Rate against USD averaged 460.702 (USD/NGN) in May 2023, compared with 460.418 USD/NGN in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
460.702 May 2023 | 460.418 Apr 2023 | 0.530 Nov 1980 | 460.702 May 2023 | USD/NGN | monthly | Jan 1957 - May 2023 |
Exchange Rate against USD by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (USD/ALL) | 101.837 May 2023 | monthly | Jan 1992 - May 2023 |
Algeria (USD/DZD) | 135.952 May 2023 | monthly | Jan 1957 - May 2023 |
Argentina (USD/ARS) | 235.870 May 2023 | monthly | Nov 1977 - May 2023 |
Armenia (USD/AMD) | 386.558 May 2023 | monthly | Apr 1992 - May 2023 |
Australia (USD/AUD) | 1.505 May 2023 | monthly | Jan 1957 - May 2023 |
Austria (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Azerbaijan (USD/AZN) | 1.700 May 2023 | monthly | Dec 1992 - May 2023 |
Bahrain (USD/BHD) | 0.376 Jun 2023 | monthly | Jan 1966 - Jun 2023 |
Bangladesh (USD/BDT) | 104.390 May 2023 | monthly | May 1970 - May 2023 |
Belarus (USD/BYN) | 2.895 May 2023 | monthly | Jan 1994 - May 2023 |
Belgium (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Bolivia (USD/BOB) | 6.910 Dec 2024 | monthly | Mar 1959 - Dec 2024 |
Bosnia and Herzegovina (USD/BAM) | 1.799 May 2023 | monthly | Jan 1997 - May 2023 |
Botswana (USD/BWP) | 13.479 May 2023 | monthly | Jan 1957 - May 2023 |
Brazil (USD/BRL) | 4.981 May 2023 | monthly | Feb 1986 - May 2023 |
Brunei (USD/BND) | 1.339 May 2023 | monthly | Jan 1957 - May 2023 |
Bulgaria (USD/BGN) | 1.801 May 2023 | monthly | Jan 1957 - May 2023 |
Cambodia (USD/KHR) | 4,115.350 May 2023 | monthly | Jan 1957 - May 2023 |
Canada (USD/CAD) | 1.352 May 2023 | monthly | Jan 1957 - May 2023 |
Chile (USD/CLP) | 798.635 May 2023 | monthly | Jan 1957 - May 2023 |
China (USD/RMB) | 6.985 May 2023 | monthly | Jan 1957 - May 2023 |
Colombia (USD/COP) | 4,539.540 May 2023 | monthly | Jan 1950 - May 2023 |
Croatia (USD/EUR) | 0.920 May 2023 | monthly | Jan 1992 - May 2023 |
Cyprus (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Czech Republic (USD/CZK) | 21.734 May 2023 | monthly | Jan 1993 - May 2023 |
Denmark (USD/DKK) | 6.855 May 2023 | monthly | Jan 1957 - May 2023 |
Ecuador (USD/USD) | 1.000 Dec 2024 | monthly | May 2006 - Dec 2024 |
Egypt (USD/EGP) | 30.887 May 2023 | monthly | Jan 1957 - May 2023 |
Estonia (USD/EUR) | 0.923 Jun 2023 | monthly | Jun 1992 - Jun 2023 |
European Union (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Finland (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
France (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Georgia (USD/GEL) | 2.534 May 2023 | monthly | Sep 1995 - May 2023 |
Germany (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Ghana (USD/GHS) | 14.783 Dec 2024 | monthly | Jan 1957 - Dec 2024 |
Greece (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Hong Kong SAR, China (USD/HKD) | 7.837 May 2023 | monthly | Jan 1957 - May 2023 |
Hungary (USD/HUF) | 342.746 May 2023 | monthly | Jan 1968 - May 2023 |
Iceland (USD/ISK) | 138.352 May 2023 | monthly | Jan 1957 - May 2023 |
India (USD/INR) | 82.298 May 2023 | monthly | Jan 1957 - May 2023 |
Indonesia (USD/IDR) | 14,810.857 May 2023 | monthly | Jan 1967 - May 2023 |
Iran (USD/IRR) | 42,000.000 May 2023 | monthly | Jan 1957 - May 2023 |
Ireland (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Israel (USD/ILS) | 3.660 May 2023 | monthly | Jan 1957 - May 2023 |
Italy (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Ivory Coast (USD/XOF) | 603.595 May 2023 | monthly | Jan 1957 - May 2023 |
Japan (USD/JPY) | 137.053 May 2023 | monthly | Jan 1957 - May 2023 |
Jordan (USD/JOD) | 0.709 May 2023 | monthly | Jan 1957 - May 2023 |
Kazakhstan (USD/KZT) | 446.600 May 2023 | monthly | Nov 1993 - May 2023 |
Kenya (USD/KES) | 137.240 May 2023 | monthly | Jan 1957 - May 2023 |
South Korea (USD/KRW) | 1,327.480 May 2023 | monthly | Jan 1957 - May 2023 |
Kosovo (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Kuwait (USD/KWD) | 0.307 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Kyrgyzstan (USD/KGS) | 87.450 May 2023 | monthly | May 1993 - May 2023 |
Laos (USD/LAK) | 16,862.318 May 2023 | monthly | Jan 1957 - May 2023 |
Latvia (USD/EUR) | 0.920 May 2023 | monthly | Feb 1992 - May 2023 |
Lebanon (USD/LBP) | 15,000.000 Apr 2023 | monthly | Jan 1957 - Apr 2023 |
Lithuania (USD/EUR) | 0.920 May 2023 | monthly | Dec 1992 - May 2023 |
Luxembourg (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Macau SAR, China (USD/MOP) | 8.072 May 2023 | monthly | Dec 1967 - May 2023 |
North Macedonia (USD/MKD) | 56.509 May 2023 | monthly | Dec 1993 - May 2023 |
Malawi (USD/MWK) | 1,034.870 Mar 2023 | monthly | Jan 1957 - Mar 2023 |
Malaysia (USD/MYR) | 4.512 May 2023 | monthly | Jan 1957 - May 2023 |
Malta (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Mauritius (USD/MUR) | 45.200 May 2023 | monthly | Jan 1957 - May 2023 |
Mexico (USD/MXN) | 17.749 May 2023 | monthly | Jan 1957 - May 2023 |
Moldova (USD/MDL) | 17.807 May 2023 | monthly | May 1994 - May 2023 |
Mongolia (USD/MNT) | 3,461.180 May 2023 | monthly | Jul 1990 - May 2023 |
Montenegro (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Morocco (USD/MAD) | 10.112 May 2023 | monthly | Jan 1957 - May 2023 |
Mozambique (USD/MZN) | 63.900 Nov 2024 | monthly | Jan 1957 - Nov 2024 |
Myanmar (USD/MMK) | 2,100.000 May 2023 | monthly | Apr 2012 - May 2023 |
Nepal (USD/NPR) | 131.101 May 2023 | monthly | Jan 1957 - May 2023 |
Netherlands (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
New Zealand (USD/NZD) | 1.609 May 2023 | monthly | Jan 1957 - May 2023 |
Nigeria (USD/NGN) | 460.702 May 2023 | monthly | Jan 1957 - May 2023 |
Norway (USD/NOK) | 10.807 May 2023 | monthly | Sep 1914 - May 2023 |
Oman (USD/OMR) | 0.385 May 2023 | monthly | Jan 1957 - May 2023 |
Pakistan (USD/PKR) | 286.584 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Panama (USD/PAB) | 1.000 May 2023 | monthly | Jan 1940 - May 2023 |
Paraguay (USD/PYG) | 7,224.544 May 2023 | monthly | Jan 1957 - May 2023 |
Peru (USD/PEN) | 3.689 May 2023 | monthly | Jan 1960 - May 2023 |
Philippines (USD/PHP) | 55.728 May 2023 | monthly | Jan 1945 - May 2023 |
Poland (USD/PLN) | 4.179 May 2023 | monthly | Jan 1957 - May 2023 |
Portugal (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Qatar (USD/QAR) | 3.640 May 2023 | monthly | Jan 1966 - May 2023 |
Romania (USD/RON) | 4.555 May 2023 | monthly | Jan 1957 - May 2023 |
Russia (USD/RUB) | 83.161 Jun 2023 | monthly | Jun 1992 - Jun 2023 |
Saudi Arabia (USD/SAR) | 3.750 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Serbia (USD/RSD) | 108.240 Jun 2023 | monthly | Jan 1995 - Jun 2023 |
Singapore (USD/SGD) | 1.339 May 2023 | monthly | Jan 1957 - May 2023 |
Slovakia (USD/EUR) | 0.920 May 2023 | monthly | Jan 1993 - May 2023 |
Slovenia (USD/EUR) | 0.920 May 2023 | monthly | Nov 1991 - May 2023 |
South Africa (USD/ZAR) | 19.032 May 2023 | monthly | Jan 1957 - May 2023 |
Spain (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Sri Lanka (USD/LKR) | 309.420 May 2023 | monthly | Jan 1957 - May 2023 |
Sudan (USD/SDG) | 446.387 Mar 2022 | monthly | Jan 1957 - Mar 2022 |
Sweden (USD/SEK) | 10.769 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Switzerland (USD/CHF) | 0.898 May 2023 | monthly | Jan 1957 - May 2023 |
Syria (USD/SYP) | 7,861.364 May 2023 | monthly | Jan 1990 - May 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Consolidated Fiscal Balance (USD mn) | -3,274.101 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
National Government Debt (USD mn) | 88,444.7 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
Government Debt: % of GDP (%) | 52.8 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Balance (NGN bn) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Government Debt: Domestic (NGN bn) | 66,957.878 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
Trade Balance (USD mn) | 1,027.6 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Exports (USD mn) | 3,738.1 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Exports Growth (%) | 56.4 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 1,530.686 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 329.199 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
Total Imports Growth (%) | 62.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Imports: Medicament (USD th) | 614,222.259 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 227,440.624 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 124.857 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Imports from USA (USD mn) | 275.937 Sep 2024 | monthly | Dec 2009 - Sep 2024 |
Total Exports to China (USD mn) | 105.763 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Total Imports from China (USD mn) | 802.488 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Imports (NGN mn) | 4,384,900.258 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Trade (NGN mn) | 10,432,090.965 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Crude Oil (NGN mn) | 3,905,247.850 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: Europe: ow Netherlands (NGN mn) | 261,930.167 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Europe: ow UK (NGN mn) | 180,704.134 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: America: ow USA (NGN mn) | 201,983.472 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports (NGN mn) | 6,047,190.706 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
Imports: Europe: ow UK (NGN mn) | 134,085.602 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Asia: ow China (NGN mn) | 1,298,198.961 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Imports: Europe: ow Netherlands (NGN mn) | 201,091.335 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Europe: ow Germany (NGN mn) | 135,143.103 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: America: ow USA (NGN mn) | 446,388.165 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Food and Live Animals (NGN mn) | 455,343.676 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Chemicals and Chemical Products (NGN mn) | 614,100.231 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,024,863.121 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Manufactured Goods (NGN mn) | 488,494.173 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Machinery and Transport Equipment (NGN mn) | 1,432,150.870 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
External Debt (USD mn) | 42,901.0 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
Forecast: Current Account Balance (USD bn) | -5.481 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government (USD mn) | 42,901.010 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
Money Supply M1 (USD mn) | 21,807.151 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
Money Supply M2 (USD mn) | 65,496.541 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
M2 Growth (%) | 52.7 Nov 2024 | monthly | Nov 1993 - Nov 2024 |
Reserve Requirement Ratio (%) | 50.0 Dec 2024 | monthly | Nov 2005 - Dec 2024 |
Foreign Exchange Reserves (USD mn) | 35,920.0 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
Foreign Exchange Reserves: % of GDP (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 10.7 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
Domestic Credit (USD mn) | 69,482.4 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
Domestic Credit Growth (%) | 35.4 Nov 2024 | monthly | Nov 1993 - Nov 2024 |
Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,672,756.900 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 30,871,571.250 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 36,273,927.360 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 108,946,684.260 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 4.4 Nov 2024 | monthly | Jul 2015 - Nov 2024 |
More Indicators for Nigeria
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